Flippa
FOR SALE
Business Name

HiCom Solutions

Business Model
Services
Industry
Internet

$56,000

Asking Price
Multiple 0.9x
This 8-year old business sells 70+ mobile app templates and provides mobile app development and customisation services and has 7000+ individuals on its customer database.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
Australia
Date of Founding
2011
Full-Time Staff
1 to 10
Annual Revenue
$139,591
Annual Expenses
$78,917
Annual Net Profit
$60,674
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month April 2019 May 2019 June 2019
Revenue $5,933 $11,904 $6,731
Expenses $4,379 $7,262 $5,058
Net Profit $1,554 $4,642 $1,673
Month May 2019 June 2019 July 2019
Pageviews 22,070 29,268 22,248
Users 4,980 6,122 5,026

Note: Traffic data was provided on 22 July 2019. Enquire for more recent data.

Business Description

HiCom Solutions (https://hicomsolutions.com.au/) sell mobile app templates and customisation services online. App templates include a social ecommerce marketplace app, buyer and seller marketplace app, live score football app, uber style taxi app, on demand job service app. The main marketing channel used by HiCom Solutions is Facebook Ads, YouTube Ads, SEO as well as the sourcecode marketplaces CodeCanyon, Codester and Sellmyapp, where I also sell the apps. We also have a database of 7000 subscribers. It currently costs us AU$2.35 per lead for paid advertising. We rank on page 1 on Google for the keywords "app template cutomization" "app source code customization" and on page 2 for the keywords "mobile app templates" and "app template." Our apps are made by a team of 7-10 cost-effective, experienced consultants/developers located in Hanoi, Vietnam, who are prepared to continue to work for the new owner of HiCom Solutions. We update the source code of each app regularly and this is then available for download by the purchaser. We have two licenses available for purchase — a single license, whereby a user can use the source code once and not sell the app and a multi license whereby the user can publish the app more than once and re-sell the source code. A multi license is 2 or 3 times as expensive as the single license. HiCom Solutions was set up in 2011 in Vietnam but began trading in Australia from February 2015.

How does your business make money?

HiCom Solutions makes money from the sale of over 70 customised mobile (Android and iOS) app templates. Buyers purchase the source code and HiCom Solutions provide customisation services to tailor the app for their specific needs.

Why should someone buy this business?

This business has been operating since 2011 and has a worldwide customer database. The leads and customers (7000+ on the database) are existing. The future owner can work to improve price strategy and operations. The new owner will acquire the source code of more than 70 apps, the domain hicomsolutions.com.au, with great traffic and search engine rank, the three marketplace accounts and listings, being CodeCanyon, Codester and Sellmyapp, an office lease in Vietnam with 21 desks, all social media and advertising accounts across Facebook, YouTube, Linkedin, Twitter and Instagram.

How can the future owner improve this business?

The future owner can improve the business by developing a better price strategy and working on operations. They can continue to develop new and existing mobile apps and even expand to website development and templates.

Why are you selling this business?

I am selling the business as I switch my interest to help my wife build up her company in Australia.

Business Strengths

  • Customer Service
  • Large Customer Database
  • Outsourced Order Fulfilment
  • Positive Customer Reviews
  • Scalable Business Model

Opportunities for a new owner

  • Launch New Products
  • Start Selling into New Markets
  • Improve or Outsource Operations

Key day-to-day operations

  • Managing Staff
  • Customer Support / Service
  • Design & Production
  • Programming / Development
  • Content marketing

Marketing

  • Email Marketing
  • Facebook Advertising
  • YouTube Advertising

Assets

  • Contracts (written or verbal) with customers and suppliers
  • Relevant email accounts
  • Website files, source code and content

Social Media

Facebook
1.6K followers
Instagram
360 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Cuong Ho

Australia

I am Cuong from Melbourne, Australia. I have been running a software development business in Australia to global clients and outsourced to Vietnam for more than eight years. Now, I am looking for a business partner/ clients/ investors who want to buy our business and our development team then scale it faster. Thanks for reading.

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